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In a stock exchange notice published today (14 June), ANII chair Michael Hughes thanked Fong for her stewardship of the trust's investment portfolio. Fong joined abrdn in 2004 from Asian brokerage firm UOB Kay Hian, where she worked as an analyst. Thom has been with abrdn for over 13 years, having joined the firm in August 2010 as an investment manager on the Asian equities desk in Singapore. Prior to that, he worked as an intern and associate at Actis between 2006 and 2010. abrdn investments CEO Buehlmann: Closing GARS was 'difficult' but it was 'not right anymore' He will be a...

Father's Day 2024: The day to honour the person who has always stood like a pillar to support us and the whole family throughout his life is here. Our fathers, grandfathers, and all those who have been father figures for us deserve massive applause for sacrificing their comfort and happiness for their children and families. While celebration of fatherhood is not limited to a single day, Father's Day 2024 serves as an opportunity for people to express their love for their parents. Here are five financial gifts people can give to their fathers.

«We want to increase the exposure to consumption sector as such because that was the sector which we were significantly underweight,» says Daljeet Singh Kohli, Vasuki India Fund. What is the say on defence pack? Yes, the order books of these companies were quite solid. The question was on the execution and then the valuations. Would you still buy afresh? No, I do not think for buying fresh, you will have to look for some differentiated ideas. Maybe within the pack if you can find something which is a supplier to somebody or which is doing some particular component, some parts or some kind of services that they are offering, so those kind of niche ideas one can still look at.

Leaders of the Group of Seven leading industrialized nations are turning their attention to migration on the second day of their summit

«My only fear is that even if the client spend higher on IT budgets, but if that translates into higher insourcing budget or it translates to higher spending on the hyperscalers, then orders may not come to Indian IT services,» says Sumit Pokharna, VP Analyst, Kotak Securities. The underperformance in the IT pack has already played for a while right now while the rest of the market has been booming and we are sitting at all-time high pretty much across the board, barring of course a few stocks here and there. If you were to do a SWOT analysis of the IT sector right now, will you think that what is going to weigh heavy right now are the weaknesses and not the strengths in favour of IT? TCV has been very strong and that is a very positive side. But if you look at the earnings or the revenue side of it, that is not converting into revenue. Why is it so? Because there are some slippages or there are some postponement of existing order book.

A startup that uses technology to stop employees from abusing corporate expenses just raised 8 million euros ($8.6 million) of funding from investors, defying a slump in investment for the financial technology industry.

₹8,14,200 on Samsung Display, its two directors, company secretary and a former official for violating Indian laws on significant beneficial ownership. The fine must be paid in 90 days. The parties have 60 days to appeal against the order before the corporate affairs ministry’s regional director.

A unanimous Supreme Court on Thursday preserved access to a medication that was used in nearly two-thirds of abortions in the U.S. last year

«So, what we have highlighted in the report is what a lot of people have said the right stuff that Charlie espoused and probably one of the most important learnings, I will put two major learnings, at least which are my major takeaways from the whole exercise,» says Sahil Kapoor, DSP Mutual Fund. I want to understand that this time your Netra report usually is a mix of stuff which is where we can derive about market investing, but centres around data points, mostly macro and of that nature. But this time around you have devoted the note to Mr Munger. So, what exactly is the biggest learning from the life of Mr Munger which we can implement in day-to-day investing? Every anniversary edition, we try and zoom out and look back and look at what are the timeless principles that we can learn and reinforce. And of course, in the month of June, there was already so much noise, a lot of people talking about elections and other outcomes. So, we thought this is the right time to think about long-term investing principles. With Charlie Munger, I think one of the investing greats, not only he has given a lot of investing wisdom, also a number of ideas from Charlie is all about living correctly.

«At every higher level, there will be a bit of consolidation for some time and then again it will reach a new level. So, this year we will see a secular upward movement with in between consolidations at different higher levels,» says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital. After all that flux that the markets went through all through the election week, we have already seen consolidation play out, but do you think it is going to continue for some more time? Absolutely. I think, look, while we are consolidating, we are consolidating at an elevated level and I think this is the trend which we will keep watching. The next big trigger will be, of course, the union budget, which is coming up sometimes within the next 15 to 20 days, maybe. The next thing important, of course, which the market will keep monitoring is the progress of monsoon.

"ABB and Siemens have done extraordinarily well. They have delivered extraordinary results over the last few quarters and as such is reflected in the stock prices. So, these two and Thermax, etc, I think they are very excessively valued. So, the outlook might be good but then the valuations are very excessive here," says Sandip Sabharwal, asksandipsabharwal.com. Just wanted to revisit your thoughts on FMCG because you were constructive on some of these plays, like a Dabur for instance. Would you say deploy these kind of dips to perhaps add more positions? If reasonable dips come, one should, because the stock moved from 500 to straight 620, 630, so it is a 25% plus kind of move. Stocks, they normally do not move 25% so fast and these are typically stocks where you would be looking at mid-double digit or those kind of returns, like these are not stocks which are going to give you 50%, 100% kind of return.

Garibi hatao". Or match up to the machismo of “Ab ki baar 400 paar". Yet somehow the Constitution became the dark horse of the election.

Mint explains their working, the impact on airlines and passengers. Bilateral rights are granted under air service agreements between two countries. They are a set of commercial aviation rights granting an airline the right to enter another country’s airspace.

The Securities and Exchange Commission on Wednesday barred a former LPL Financial advisor who worked alongside Andrew Komarow, a former financial advisor who built a practice focused on clients with special needs and autism and who recently was barred from the securities industry for a trading scheme.

A recent study by the Employee Benefit Research Institute, published right after Asian American and Pacific Islander Heritage Month in May, sheds fresh insight into the financial position of the AAPI community in the US.

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U.S. President Joe Biden says the agreement to tap into the windfall profits on frozen Russian assets held in Europe would put that money to work for Ukraine

Coinshares-backed FlowBank has been declared bankrupt by the Swiss Financial Market Supervisory Authority (FINMA).

Now that Europe has announced tariffs on China-made electric cars, the continent is bracing to see if the other shoe drops

The U.S. Supreme Court has ruled unanimously to preserve access to mifepristone, the drug most commonly used in medication abortions

Fox Sports has acquired the rights to broadcast IndyCar starting in 2025